Verizon Joins the Fray

A recent LinkedIn post for blockchain-engineers indicates that telecom giant, Verizon, could be in the process of building a blockchain-based product focused on privacy, payments, and security.

According to Verizon’s website the company is looking to hire five blockchain engineers, along with a “blockchain technology development” lead. Currently, Verizon has 35 listed vacancies that require ‘blockchain knowledge’.

The role is described as requiring a person who:

Will be responsible for developing and delivering of initial prototypes and product proof-of-concepts which includes use case development, technical requirements, customer co-development testing and commercialization handoff.

One advert further explained that, “the focus of the individual will be on blockchain and other identity/security initiatives. (e.g. confidential computing, secure payments) in the emerging technology space.”

Searching for a ‘Blockchain’ Needle in a Haystack

It’s clear that Verizon intends to build a “distributed network [with] various use cases” and the telecom giant is not the first major player to assemble the team required to focus on blockchain innovation.

Earlier this year, AT&T began accepting Bitcoin for cable payments via payments processor BitPay. Microsoft, Facebook, Google, and a larger number of financial institutions have also been on a blockchain technology engineer hiring frenzy since early 2018. In fact, Verizon could encounter some difficulty in hiring suitable candidates.

A senior engineer familiar with the blockchain-sector told The Block that Google, Facebook, and Microsoft are “taking the cream of the crop” when it comes to hiring blockchain engineers. The un-named engineers said:

I have interviewed over 100 candidates in the last couple of years and it’s getting harder to find good caliber candidates in blockchain.”

Do you think Verizon will roll-out a blockchain-based product before the end of 2019? Share your thoughts in the comments below!

I am a believer of the HODL philosophy because we are still in the nascent stage of blockchain technology. Although we are in a bear market now, my outlook on the adoption and growth of blockchain solutions remains unchanged. Blockchain transactions has been growing exponentially and demand for cryptocurrency like Bitcoin [BTC], Ethereum [ETH], Ripple [XRP], Litecoin [LTC] and other Altcoins will only continue to grow exponentially in the next five to ten years.

Related Articles

A Hong Kong Stock Exchange (HKEX) spokesperson has called Bitmain’s alleged hesitation around a purported initial public offering (IPO) “rumors,” in an email to Cointelegraph Dec. 17. When asked for verification and details on the crypto mining firm’s IPO status, the spokesperson responded that “HKEX does not comment on rumors.” Blockchain and crypto media had Read more…

If employers want to compensate workers in an unconventional way, they may think about doing so with bitcoin. It’s an option some companies have pursued, but it’s not always as straightforward as some enterprises may assume. Work With a Specialty Company or Accountant Bitwage is a company that has specialized in the emerging desire that Read more…

Infrastructure underpinning the world’s leading cryptocurrency bitcoin is looking better even though its value has fallen by more than 80 percent since the peak, arguesÂ prominent cryptocurrency software engineer Jameson Lopp. The renowned cypherpunk, who also serves as the chief technical officer to cryptocurrency security company Casa, narrowed down bitcoin‘s performance in 2018 based on multiple … Continued

The post Bitcoin Space Growing on Almost All Metrics — Except Economics appeared first on CCN